S. 4071: Child Care Tax Benefit Outreach and Assistance Act

This bill, titled the Child Care Tax Benefit Outreach and Assistance Act, proposes the creation of a new position within the Internal Revenue Service (IRS) called the Business Child Care Liaison. The main goals of this position are to promote employer-provided child care benefits and to facilitate communication between various stakeholders involved in child care provision and regulation.

Key Provisions of the Bill

Appointment of the Business Child Care Liaison

The Commissioner of the IRS will appoint a Business Child Care Liaison. This position is not subject to regular appointment processes, allowing for a flexible selection of the candidate.

Duties of the Business Child Care Liaison

The Liaison will have several responsibilities, including:

• Serving as a point of contact between the IRS and various stakeholders, such as businesses interested in offering child care benefits, advocates for child care, and governmental agencies.
• Providing education and assistance to businesses about different types of employer-provided child care benefits, which may include on-site child care, subsidies, and flexible spending accounts for child care costs.
• Issuing informational materials for tax professionals about tax benefits related to employer-provided child care.
• Facilitating discussion between businesses and the IRS concerning the challenges and opportunities related to utilizing federally incentivized child care benefits.
• Creating an accessible online platform through SAM.gov to help businesses understand and utilize available child care programs effectively.
• Identifying potential improvements to legislation and regulations that could encourage the provision of employer-based child care benefits.
• Collaborating with various federal and state agencies to raise awareness about child care benefits to employers and employees, focusing particularly on small businesses.

Regulatory Input and Advice

The Liaison will provide advice to the IRS on regulations related to employer-provided child care benefits, ensuring that the concerns and needs of businesses are considered in the development of such regulations.

Compensation and Reporting

The Liaison will receive a salary similar to other high-level federal employees. Additionally, they will be required to present an annual report detailing their activities, the assistance they provided, any challenges faced, and recommendations for improvements to child care benefit practices. A copy of this report will also be made available to the public.

Relevant Companies

None found.